1071 SOUTHCOTE Road, Hamilton, Ontario, L9G3L1

For saleJust listed

Today

$680K

1071 SOUTHCOTE Road, Hamilton, Ontario, L9G3L1

3 bd1 ba2 pk1,323 ft²

Listed by RE/MAX Escarpment Realty Inc.

80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

For saleJust listed

Yesterday

$950K

80 MACLENNAN Avenue, Hamilton, Ontario, L8V1X6

6 bd4 ba2 pk2,896 ft²

62 BARNESDALE Avenue South, Hamilton, Ontario, L8M2V4

4 bd3 ba4 pk2,096 ft²

Listed by Re/Max Escarpment Realty Inc.

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

For saleJust listed

Yesterday

$849K

136 WARREN Avenue, Hamilton, Ontario, L9A3E1

5 bd2 ba5 pk1,900 ft²

Listed by RE/MAX Escarpment Realty Inc.

Investment analysis

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$759,900

Hamilton

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$759,900

$774,900For salePrice drop↓ $15,000 (2%)

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867 UPPER SHERMAN Avenue, Hamilton - Multi-family for Sale

867 UPPER SHERMAN Avenue, Hamilton, Ontario, L8V3N2

4 beds2 baths6 parking2,172 ft²Listed 49 days ago

Overview

This multi-family property in Hamilton is for sale offering roughly 2,172 sq ft of space. It has been on the market 49 days, fresher than the Hamilton average of 65 days.

Multi-Family Properties for Sale in Hamilton →All real estate in Hamilton →

Description

Turnkey legal duplex on the desirable Hamilton Mountain! Main floor 2 bedroom unit can be easily be turned back into 3 bedrooms. With approximately 1,100 sq.ft. even the basement unit is very spacious. The main floor features a large kitchen, solid oak cabinetry, hardwood flooring throughout, 4-piece bath, and a spacious primary bedroom with gas fireplace. The open concept basement unit is approx 5 years old. Two hydro meters and two water meters allow each unit to pay 100% of their own utilities. Recent major updates include a newer A/C, roof and basement waterproofing. A+ tenants paying market rent, making this a turnkey investment, or live in one unit and have the other help offset your mortgage. Double-wide driveway to complete the package! (id:66096)

Property Details

MLS®: 40863412
Property Type: Multi-family
Zoning: C
Bedrooms: 4
Bathrooms: 2
Parking: 6
Interior Size: 2,172 ft²
Frontage: 50 ft
Units: 2
Storeys: 1
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Property Tax: $5,061.01/yr
Listed: 49 days ago

Features

Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Hamilton listings, avg age

65d

Price / ft²

$350

List price

$760K

Haho

This 4-bed multi-family in Hamilton has been listed for 49 days, which is 16 days fresher than the city average of 65. Act while there is still low competition.

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Listed by Rock Star Real Estate Inc. · Tammy DiTomaso

Location

Approximate location — exact address confirmed upon showing

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Area context

Neighbourhood profile (L8V)

This home lists at $759,900, about 11.1× the local median household income of $68,500.

Carrying it typically needs a household income of about $148,435 (20% down, 25-yr amortization, stress-tested) — roughly 117% above the area median.

Median household income: $68,500
Population: 21,165
Median age: 44.4
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L8V)

$759,900· $350/ft²

For sale

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Full Cost Breakdown

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Down Payment6.71% · $50,990.00

Min 6.71%50%

Mortgage payment$3,930/mo

↳ CMHC premium ($28,356 capitalized)

Property tax (est.)$422/mo

Total monthly$4,352

Cash Needed to Close

Down payment (6.71%)$50,990

Land transfer tax$11,673

Est. closing costs$4,780

Total cash needed$67,443

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